5.0 · 624 reviews · Jim Blackburn · NMLS #1072866
Equal Housing Lender
(954) 993-1625
See My Options 60-sec match · no credit pull

Investing · College Housing

College Housing Costs VS. Investment Property

See the long-term wealth opportunity of buying an asset instead of taking student loans for college-provided housing.

Built by Jim Blackburn · NMLS #1072866 · $500M+ closed · 7× Scotsman Guide Top Producer

College Housing

$
%
%

Bachelors 4 · Masters 6 · Med School 4 · Residency 3–7.

The Investment Property

$
$

3.5% is the minimum (down payment assistance and gift funds allowed).

$
$
$

Summary

Education Costs

Total Balance owedSum of each year's principal + interest at graduation.

Investment Property Summary

Desired Loan Amount$965,000
UFMIP$16,888
Final Loan Amount$981,888
Principal & Interest$6,369
Estimated Monthly MI$614
Total Monthly Housing Expense$7,482
Total Monthly Income$9,000
Monthly Cashflow$1,518
Cash Out of Pocket (no seller credit/DPA)$95,000
Cash Out of Pocket (with seller credit)$35,000
Cash Out of Pocket (seller credit + DPA)$35,000DPA only on 1–2 units; not eligible for 3–4 units.
Monthly Income Target to Qualify$8,214

Wealth Analysis

Equity in 5 Years$253,373
Cash Flow Collected · 5 Years$91,069
Equity in 15 Years$850,667
Cash Flow Collected · 15 Years$273,208
Equity in 30 Years$2,427,262Property paid off; equals appreciated value.
Cash Flow Collected · 30 Years$546,415

Education Cost Itemized

See My Options

Estimates only — not a commitment to lend.

Jim Blackburn

By Jim Blackburn

Ready to Take Your First Step?

Skip the guesswork. Take our quick Discovery Quiz to uncover your top financial priorities, so we can guide you toward the wealth-building strategies that fit your life.

  • Takes just 5 minutes
  • Tailored results based on your answers
  • No credit check required
Take the Discovery Quiz

Thinking About Buying Instead of Renting a Dorm?

Tell us about your goals and we'll show what owning could look like for your family—fast.

  • Only 2 minutes to complete
  • Quick turnaround
  • No credit score impact
See My Options

Got a Few Questions First?

Let's talk it through. Book a call and one of our friendly advisors will be in touch to guide you personally.

Schedule a Call

Important Disclaimer

This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and hypothetical scenarios and may not reflect actual performance or eligibility. This is not a loan approval or loan estimate. All borrowers must qualify for financing based on credit, income, asset documentation, and property-specific guidelines. Please consult a licensed mortgage professional or financial advisor before making any financial decisions.

Related Posts

An 8-ebook journey · from 18 to legacy

Download The Stairway Roadmap.

Map your real estate journey from age 18 through legacy — one ebook for every chapter. Free.